Hiscox appoints Director of Underwriting for its London reinsurance business

London (5 December 2017) – Specialist global insurer Hiscox has appointed Megan McConnell to the role of Director of Underwriting for Hiscox Re in London.  Megan will become Joint Active Underwriter for Syndicate 33 and Active Underwriter for Syndicate 6104 and will join the Hiscox Syndicates Limited Board, subject to regulatory and immigration approval. 

Megan joins Hiscox from Paraline, where she was Active Underwriter of Paraline (formerly ICAT) Syndicate 4242 and Special Purpose Arrangement 6123.  For the past 12 years she has built up a commercial and personal lines insurance business and managed portfolios from a pricing, underwriting, operations, marketing and distribution perspective.  Since 2010 Megan has also worked on strategic business planning for the Lloyd’s Syndicate including their reinsurance purchasing strategy.  Megan has a BA in Mathematics and Philosophy and a Masters in Civil Engineering from the University of Colorado, and will be relocating to London from Colorado for this role. 

In her new role Megan will oversee the Hiscox reinsurance underwriting team in London and play a leadership role in the team’s ambitions to innovatively match reinsurance risk with capital.  Bolstering an already strong team, she will help the business to penetrate the deregulating US flood market with its new product, FloodXtra, and drive further growth in specialty lines such as cyber and terrorism. 

Mike Krefta, Hiscox Re and ILS CEO, commented: “Megan is an exciting addition to our reinsurance team. Her experience of running a Syndicate was desirable to us and we will benefit from the fresh thinking she will bring.”

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For further information please contact:                                                                                                                                

Hiscox Ltd

Lucy Hensher                  Lucy.hensher@hiscox.com                 +44(0)20 7448 6619

 

Notes to editors

About The Hiscox Group

Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle. It’s a long-standing strategy which in 2016 helped generate gross premiums written of £2,402.6 million and a record profit before tax of £354.5 million.

The Hiscox Group employs over 2,300 people in 13 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the US, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re and ILS.

Our values define our business, with a focus on people, quality, courage and excellence in execution.  We pride ourselves on being true to our word and our award-winning claims service is testament to that. For more information, visit www.hiscoxgroup.com.